Asset management is one of the most used and also misused terms in the utility industry today. Though the market for utility asset management is currently a heterogeneous mix of various services and solutions, market evolution is likely to see further integration of vendor offerings. This would redefine the business objectives of, and expectations by the utilities and hence determine the future spend on asset management. Asset management is a process that guides the acquisition, use and disposal of assets to optimize service quality and minimize the cost.

Asset management is one of the most used and also misused terms in the utility industry today. Though the market for utility asset management is currently a heterogeneous mix of various services and solutions, market evolution is likely to see further integration of vendor offerings. This would redefine the business objectives of, and expectations by the utilities and hence determine the future spend on asset management. Asset management is a process that guides the acquisition, use and disposal of assets to optimize service quality and minimize the cost. Read Less